News

Monday, March 13, 2017

Architects & Engineers 2017 Professional Liability Insurance Market Survey

Ames & Gough Insurer Survey: Architects & Engineers See Professional Liability Rates Flatten Amid Intense Insurance Market Competition

Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest decreases in rates. A new survey by Ames & Gough finds that market competition and favorable claim results are combining to hold premium rates down. In fact, most insurers reported they are looking to keep rates flat this year to retain or expand their business. Click here to read the news release issued March 13, 2017 announcing key findings of the survey.

Monday, February 20, 2017

Dan Knise and Rob Hughes discuss project risk management for A/E firms

In a guest column for The Zweig Letter, Dan Knise, president and CEO, Ames & Gough, and Rob Hughes, senior vice president and partner, discuss four keys to project-specific risk management for A/E firms. In addition to evaluating potential projects on a risk-reward basis, design firms need to review contractual language carefully and negotiate to remove or revise onerous clauses. Once projects are accepted, effective management is critical to success, including identifying issues that might evolve into claims and taking steps early on to mitigate and manage them. Click here to read the column, entitled “Claims Management,” which appeared on Feb. 20. [Note: Article originally published Feb. 20, 2017 in The Zweig Letter (http://www.thezweigletter.com, the voice of reason for A/E/P and environmental consulting firms. For more information log on to http://www.zweigwhite.com.]

Tuesday, January 31, 2017

Eileen Garczynski discusses law firm misperceptions about cyber-liability insurance

In an article for the Journal of Internet Law, Eileen Garczynski, senior vice president and partner, Ames & Gough, discusses several common misperceptions law firms have about their cyber-liability insurance. In particular, she reviews coverage exclusions, restrictions and policy wording that might compromise a law firm’s insurance protection. She also describes measures law firms can take to strengthen their insurance coverage for various cyber-related incidents. Click here to read the article, "Misperceptions about Insurance May Leave Law Firms Vulnerable to Financial Consequences," published in the January 2017 issue of Journal of Internet Law.

Monday, January 23, 2017

Dan Knise reviews risks for A/E firms from onerous indemnification clauses

In a guest column for The Zweig Letter, Dan Knise, president and CEO, Ames & Gough, reviews contractual issues for design firms from onerous indemnification clauses. He provides examples of wording found in a growing number of contracts that can add significantly to an A/E firm’s potential exposures. Further, some contractually assumed risks may not be addressed by design firms’ professional liability insurance policies, leaving the firms vulnerable to potentially large claims. Mr. Knise also presents alternative wording that might be negotiated with owners to reduce risk. Click here to read the column, which appeared on Jan. 23. [Note: Article originally published Jan. 23, 2017 in The Zweig Letter (http://www.thezweigletter.com, the voice of reason for A/E/P and environmental consulting firms. For more information log on to http://www.zweigwhite.com.]

Thursday, January 5, 2017

Ames & Gough Appoints Brian C. Lynch as a Senior Broker

Mr. Lynch, who has more than seven years of insurance industry experience, will be part of the Ames & Gough client service team, providing insurance placement, renewal planning, carrier negotiations and related client support services. To read the press release click here.

Tuesday, November 8, 2016

Dan Knise discusses cyber/internet risk, drones, emerging exposures for A/E firms

In a podcast interview with Randy Wilburn of The Zweig Letter, Dan Knise, president and CEO, Ames & Gough discussed cyber liability and business interruption risks for design firms, as well as financial fraud and theft, and related insurance. While acknowledging the enthusiasm among A/E firms for opportunities to integrate the use of drones in their work, he stressed the need to assess potential effects in their risk profile. He also cited the need for design firms involved in alternate project delivery, such as P3, to assess their risks carefully and take steps to mitigate them. To access the free podcast, click here.

Monday, November 7, 2016

Rose Haas and Allison Barefoot discuss risk management, insurance for A/E firms using drones

Amid the fervor over the potential benefits using drones may have for design firms and their clients, Ames & Gough executives Rose Haas and Allison Barefoot outline related risk management measures for A/E firms. They discuss commercial drone registration requirements under new rules issued by the Federal Aviation Administration as well as insurance for firms operating their own drones and those outsourcing drone services. Click here to read the column, which appeared on Nov. 7, 2016. [Note: Article originally published Nov. 7, 2016 in The Zweig Letter (http://www.thezweigletter.com, the voice of reason for A/E/P and environmental consulting firms. For more information log on to http://www.zweigwhite.com]

Tuesday, November 1, 2016

Eileen Garczynski stresses need for law firms to check coverage under cyber-liability insurance policies

In an interview with the ABA Journal, Eileen Garczynski, senior vice president and partner, Ames & Gough, offered perspectives on what law firms should look for in a cyber-liability insurance policy. Besides noting that coverage generally should be structure to provide a primary layer of financial protection, she emphasized that law firms should make sure their policies address hacking-related breaches of attorney-client privileged information. She also provided insights on cyber-liability insurance policy costs for law firms of various sizes. Click here to read the article, “Cybersecurity insurance is a ‘must have’ for law firms,” appearing Nov. 1, 2016 in the ABA Journal.

Monday, September 12, 2016

Rob Hughes discusses project dynamics and contractual risk issues for A/E firms

In an opinion column for The Zweig Letter, Rob Hughes, senior vice president and partner, Ames & Gough, discusses how project dynamics and related contractual wording can result in significant added risks for A/E firms and potentially affect insurance coverage. He provides examples of specific circumstances and contractual clauses that can be especially problematic for design firms and suggests ways to address them. Click here to read the column, which appeared on Sept. 12, 2016. [Note: Article originally published Sept. 12, 2016 in The Zweig Letter (http://www.thezweigletter.com, the voice of reason for A/E/P and environmental consulting firms. For more information log on to http://www.zweigwhite.com.]

Thursday, September 1, 2016

Eileen Garczynski discusses cyber-risk issues for law firms and related insurance

In an article for the American Bar Association’s Business Law Today, Eileen Garczynski, senior vice president and partner, Ames & Gough, describes the range of cyber-related exposures facing law firms and strategies to manage them, including the use of cyber-liability insurance. She details potential coverage issues and policy restrictions, providing measures for law firms to address them during their negotiations with insurance companies. She also lists key questions to help law firms determine appropriate levels of cyber-liability insurance coverage they might require. Click here to read the online article, “Protecting Firm Assets with Cyber Liability Insurance,” published in the September 2016 issue of Business Law Today.

The article is based on Ms. Garcznyski's book for the ABA; to purchase a copy, visit the ABA's website at http://shop.americanbar.org/eBus/Store/ProductDetails.aspx?productId=240650436.

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  • Effective risk management is an integral part of our company's productivity goals. Ames & Gough provides the support we need to help us understand and implement good risk management practices. Their professional seminars and outstanding support have helped us to keep our insurance costs down as well as to maintain high standards. We value our relationship with them, are happy that they are part of our team, and thank them for their contributions to our success.

    Mark Teden, Executive Vice President/Treasurer, Bruner/Cott & Associates, Inc.
  • Beazley has had a close trading relationship with Ames & Gough since their formation in the 1990s. We consider them to be one of the real pros in their market niches of architects, engineers, and law firms. We appreciate their professional representation of their clients; as well as their integrity and attention to detail.

    Jerry Sullivan, Head of Professionals, Beazley Group
  • Ames & Gough has proven, in a short time, to be a responsive, knowledgeable partner for AIR. Everyone on the team is quick to get back to us whenever we have a question. Importantly, they are also well-versed in the issues and possible solutions that confront our organization and have always been able to solve or prevent a problem. Better yet, they've saved us money and improved the coverage under our various insurance policies.

    Larry Trapuzzano, Director of Facilities & Administration, American Institutes for Research
  • I believe we were Ames & Gough's first client. In those 25 years, they have never failed to provide us with exceptional service, well beyond being only our A/E broker. Their depth of service, their technical expertise, and their responsiveness to our requests set them apart and account for our long-term relationship.

    Jim Fagan, Chairman of the Board, Hazen and Sawyer
  • Ames & Gough's expertise in insurance and risk issues has been invaluable to LeClairRyan. Our law firm's needs have been consistently met with their top of the line client service. Ames & Gough has been quick to identify gaps in coverage while reducing our insurance costs and saving us money. We highly recommend Ames & Gough to any law firm looking for senior-level professionals that can help contribute to your firm’s success.

    Bruce Matson, Chief Legal Officer, LeClairRyan
  • During our more than five-year relationship with Ames & Gough, we have grown to depend heavily on their experience in the A/E industry. Their skill at identifying risk exposures, skill in reviewing our contracts, and personal approach to insurance brokerage have made Ames & Gough indispensable to our firm. As contract negotiations become more complicated and the risk of litigation greater, there is no price our firm can put on having Ames & Gough and a good lawyer on our team.

    Ms. Polly Brazelton, Senior Associate, Michael Van Valkenburgh Associates
  • Ames & Gough has worked closely, proactively, and successfully with our law firm. They have been very effective at obtaining the best insurance coverage for the best price. Additionally, the personnel have been extremely responsive on all our risk management issues. They are very knowledgeable and we are glad they are an integral part of our team.

    Steve Leonard, Chief Operating Officer, Zuckerman Spaeder, LLP
  • I've worked with Ames & Gough for years regarding our firm's professional liability insurance. Ames & Gough has some of the most knowledgeable insurance professionals that I have met. They understand our business and apply their very deep insurance knowledge to help us. They are customer-focused and always put our firm's needs ahead of their own. Ames & Gough is out to save us money while also looking out for our best interests.

    Donald P. Nims, Jr., PE, Quality Assurance & Risk Manager, Bergmann Associates, Inc.
  • For years, Hogan Lovells has relied upon Ames & Gough’s deep understanding of the professional liability issues faced by law firms. Our firm’s needs are consistently met by responsive, friendly senior-level professionals with an unyielding focus on client service and putting our needs at the fore.

    Warren Gorrell, Jr., Former Co-Chairman, Hogan Lovells
  • Ames & Gough has always been very responsive to our queries, large or small, for contract review and situations regarding potential liability. They have provided immediate answers to quick questions, offering clear advice and direction, and have responded promptly on the more comprehensive requests.

    Suzette Bois , Controller , SMRT, Inc.
  • We rely on Ames & Gough as our portal to the commercial insurance market for law firms. Their knowledge and service are exemplary, and we thank them for their contributions to our success.

    Phil Sunshine, General Counsel, Finnegan
  • Ames & Gough's expertise in insurance and risk issues important to our association has been obvious. They have been quick to identify issues and opportunities and follow-through to improve our coverage and save us money. We highly recommend Ames & Gough to any association seeking a professional insurance broker partner.

    David Fitzsimmons, VP of Finance & Accounting, National Association of Chain Drug Stores
  • Everyone at Ames & Gough has tremendous depths of knowledge about both design professionals and managing risk in the construction process. We refer firms to Ames & Gough because their professionalism is obvious from the first conversation. Their client focus, nationwide reach, and high level of services makes Ames & Gough an outstanding broker for any design professional. We've given Ames & Gough our 'Elite Broker' designation signifying that they are truly dedicated experts.

    Duane S. Repko, Vice President and Underwriting Manager-AE National Accounts Division, Victor O. Schinnerer & Company
  • Ames & Gough has gone above and beyond in delivering on all their promises and commitments to AGC of America and its Chapters. Their responsiveness and insurance acumen have set them apart from other brokers we've worked with.

    Monique T. Valentine, CPA, CFO, , Associated General Contractors of America
  • The expertise of the individuals at Ames & Gough has been invaluable to Hoyle Tanner. Over the course of many years, they have consistently provided Hoyle Tanner with knowledgeable advice and excellent service.

    James D. Boothroyd, P.E. , President, Hoyle, Tanner & Associates, Inc.